https://www.mckinsey.com 915b5091-0d7e-44d2-a8c4-cf08267e52fe Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. Our stock price is volatile and may be affected by a number of events. ", $Millions, except EPS, dividends paid per share and Amgen Inc. (AMGN) Environment, Social and Governance (ESG - Yahoo! Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world's leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology. Amgen on LinkedIn: 2022 Biosimilar Trends Report If we fail to meet the compliance obligations in the corporate integrity agreement between us and the U.S. government, we could become subject to significant sanctions. THOUSAND OAKS, Calif., May 2, 2022 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today released its 2021 Environmental, Social & Governance (ESG) report, providing a comprehensive overview of the many ways the Company is doing its part to build a better, healthier world. Amgen intends to allocate an amount equivalent to the net proceeds from the Green Financing, in whole or in part, to one or more new or existing eligible projects in the following categories: green buildings, eco-efficient operations and processes, eco-efficient products, renewable energy and clean transportation. For the full year 2022, the Company now expects: Total revenues in the range of $26.0 billion to $26.3 billion. Amgen Releases Annual Environmental, Social & Governance Report Amgen Reports Third Quarter 2022 Financial Results 1Amgen Safety Net Foundation and The Amgen Foundation, Inc. are separate legal entities entirely funded by Amgen.2 Valued at Wholesale Acquisition Cost.3 Carbon neutrality goal refers to Scope 1 and 2 emissions. Corporate Home ESG report. Forward-looking statements involve significant risks and uncertainties, including those discussed below and more fully described in the Securities and Exchange Commission reports filed by Amgen, including our most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K. Weighted-average shares used in calculation of earnings per share: Cash, cash equivalents and marketable securities, Total liabilities and stockholders' equity, GAAP cost of sales as a percentage of product sales, Non-GAAP cost of sales as a percentage of product sales. Amgen (NASDAQ: AMGN) today announced that its Board of Directors declared a $1.94 per share dividend for the fourth quarter of 2022. . For more information, visit www.amgen.comand follow us on www.twitter.com/amgen. Amgen will seek consolidation of the two periods into one case in Tax Court. --Would be new all-time high (Based on available data back to June 22, 1983) --On pace for largest percent increase since Feb. 8, 2022, when it rose 7.82%. Historically, companies complied with ESG reporting voluntarily, but there have never been any legal or regulatory requirements in place. In just the past six months, Amgen has been named to Newsweek magazine's list of "America's Most Responsible Companies" for the third consecutive year; JUST Capital's list of "America's Most JUST Companies" for the fifth consecutive year; Barron's list of "America's Most Sustainable Companies" for the second consecutive year; and the Human Rights Campaign Foundation's list of "Best Places to Work for LGBTQ+ Equality" for the sixth consecutive year. Lloyd's ESG Report What Are ESG Reporting Standards in 2022? Exploring What's - FloQast 2021 ESG report: Sustainable and inclusive growth - McKinsey & Company The Company filed a petition in the U.S. Tax Court in July 2021 to contest the adjustments previously proposed for the 2010-2012 period and plans to file another petition in the U.S. Tax Court to contest the adjustments proposed in the notice for the 2013-2015 period. The Company provided the following updates on selected product and pipeline programs: Environmental, Social & Governance Report Released Today. A breakdown, cyberattack or information security breach could compromise the confidentiality, integrity and availability of our systems and our data. Furthermore, our research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. Compared to . AMGEN PRESENTS NEW REPATHA (EVOLOCUMAB) DATA AT AHA 2022 | Amgen Inc. S&P Global Ratings provided the second party opinion on the Framework and reported that it is aligned with the Green Bond Principles (2021) administered by the International Capital Market Association. Due to these factors, the effective tax rate for the adjustments to our GAAP income before income taxes, for the three months ended March 31, 2022, was 18.0%, compared to 20.7% for the corresponding period of the prior year. Amgen expects the audit to continue for several years, and it is possible the 2010-2015 dispute will be resolved before the conclusion of the 2016-2018 audit and administrative appeals process. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including any statements on the outcome, benefits and synergies of collaborations, or potential collaborations, with any other company (including BeiGene, Ltd., Kyowa-Kirin Co., Ltd., or any collaboration to manufacture therapeutic antibodies against COVID-19), the performance of Otezla (apremilast) (including anticipated Otezla sales growth and the timing of non-GAAP EPS accretion), the Five Prime Therapeutics, Inc. acquisition, or the Teneobio, Inc. acquisition, as well as estimates of revenues, operating margins, capital expenditures, cash, other financial metrics, expected legal, arbitration, political, regulatory or clinical results or practices, customer and prescriber patterns or practices, reimbursement activities and outcomes, effects of pandemics or other widespread health problems such as the ongoing COVID-19 pandemic on our business, and other such estimates and results. Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments involving current and future products, sales growth of recently launched products, competition from other products including biosimilars, difficulties or delays in manufacturing our products and global economic conditions. of the 100 themes assessed in this year's report are " over-indexed " by the market with . Amgen - Vikipediya Pharmaceuticals in the environment We monitor our operations to ensure that the manufacture use and disposal of our products do not adversely affect people or the planet. Unless otherwise noted, Amgen is providing this information as of the date of this news release and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise. In the OLE studies, patients received Repatha for approximately 5 years, with some patients receiving Repatha for up to 8.5 years in aggregate across the FOURIER and OLE studies. A Phase 3 study (FORTITUDE-101) of bemarituzumab, a fibroblast growth factor receptor 2b (FGFR2b) targeting monoclonal antibody plus chemotherapy, versus placebo plus chemotherapy in first-line gastric cancer with FGFR2b overexpression continues to enroll patients. An outbreak of disease or similar public health threat, such as COVID-19, and the public and governmental effort to mitigate against the spread of such disease, could have a significant adverse effect on the supply of materials for our manufacturing activities, the distribution of our products, the commercialization of our product candidates, and our clinical trial operations, and any such events may have a material adverse effect on our product development, product sales, business and results of operations. 0000318154-22-000055.xls. Adjustments to income before income taxes: Total adjustments to income before income taxes. CONTACT: Amgen, Thousand Oaks Michael Strapazon, 805-313-5553 (Media)Megan Fox, 805-447-1423 (Media)Arvind Sood, 805-447-1060 (Investors), View original content to download multimedia:https://www.prnewswire.com/news-releases/amgen-recognized-for-outstanding-esg-performance-301483038.html. techniseal polymeric sand grey. 0000318154-22-000055.pdf. EX-101.SCH - XBRL TAXONOMY EXTENSION SCHEMA. CONTACT: Amgen, Thousand OaksJessica Akopyan, 805-440-5721 (media)Michael Strapazon, 805-313-5553 (media)Annie Kasparian, 805-447-1060 (investors). In some ways, I think weve hidden our light under a bushel for the last few years, focusing on developing strong systems that could yield repeatable results. Discovery or identification of new product candidates or development of new indications for existing products cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate or development of a new indication for an existing product will be successful and become a commercial product. Amgen released its 2021 Environmental, Social & Governance report Published on: 04 May 2022 by KnowESG , from Amgen Inc. Amgen today published its 2021 Environmental, Social, and Governance (ESG) report, which provides a comprehensive overview of the many ways the company is contributing to the creation of a better, healthier world. A Phase 1 study of AMG 133, a multispecific that inhibits the gastric inhibitory polypeptide receptor (GIPR) and activates the glucagon-like peptide 1 (GLP-1) receptor, continues to enroll patients in the multidose portion of the study. Quarterly report which provides a continuing view of a company's financial position. Established in 1991, the Amgen Foundation plays a key role in Amgen's commitment to improving the lives of others. $Millions, except EPS, dividends paid per share and, The following table presents the computations for GAAP and, The tax effect of the adjustments between our GAAP and non-GAAP results takes into account the tax treatment and related tax rate(s) that apply to each adjustment in the applicable tax jurisdiction(s). Further, some raw materials, medical devices and component parts for our products are supplied by sole third-party suppliers. Discover how we are working to ensure our actions and culture reflect Amgen's values by reading our 2021 Environmental, Social & Governance #ESG report: https://amgen.ly/3AeUkKI 2022 total revenues guidance reaffirmed at $25.4 - $26.5 billion; EPS . Initial data from cohorts exploring LUMAKRAS in combination with the Src homology-2 domain-containing protein tyrosine phosphatase-2 (. Amgen is Initiating a Phase 3 Cardiovascular Outcomes Trial Based on These Results. Improve the diversity of its workforce as well as the diversity of patients participating in clinical trials of potential new. Amgen's four ESG pillars Healthy People, Healthy Society, Healthy Planet, and a Healthy Amgen include commitments to: In May 2021, Amgen published a comprehensive Environmental, Social and Governance Report, which is available here. 292.39 +15.37 (+5.55%) At close: 04:00PM EST 292.60 +0.21 (+0.07%) After hours: 07:58PM EST Environment, Social and Governance (ESG) Risk Ratings Total ESG Risk score 22 32nd percentile Medium. AMGEN RECOGNIZED FOR OUTSTANDING ESG PERFORMANCE| Amgen A Phase 1 dose-escalation study of AMG 509, a bi-specific molecule targeting six-transmembrane epithelial antigen of prostate 1 (STEAP1) continues to enroll patients with mCRPC. THOUSAND OAKS, Calif., Nov. 6, 2022/ PRNewswire/-- Amgen today presented end-of-treatment data from its Phase 2 . Amgen Releases Annual Environmental, Social & Governance (ESG) Report In addition, we compete with other companies with respect to many of our marketed products as well as for the discovery and development of new products. Together, the Council discusses and approves proposals and recommendations, prioritizes areas for investment, and evaluates any emerging trends. Amgen Recognized for Outstanding Esg Performance Published on: 22 February 2022 by KnowESG , from Amgen Inc. Amgen today announced the issuance of its first $750 million green bond, with a semi-annual coupon of 3.000% and a maturity date of 2029, to advance the environmental goals outlined in Amgen's environmental, social, and governance (ESG) framework. Amgen's Biosimilar Trends Report shares how policymakers can nurture a long-term, sustainable marketplace with biosimilars by maintaining policies that promote competition. EYLEA is a registered trademark of Regeneron Pharmaceuticals, Inc. 2021/2022 ESG Progress Report 2020/2021 ESG Progress Report 2019/2020 ESG Progress Report 2018/2019 ESG Progress Report. About AmgenAmgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing, and delivering innovative human therapeutics. We or others could identify safety, side effects or manufacturing problems with our products, including our devices, after they are on the market. A Phase 1b study of tarlatamab continues to enroll patients with de novo or treatment emergent neuroendocrine prostate cancer. An outbreak of disease or similar public health threat, such as COVID-19, and the public and governmental effort to mitigate against the spread of such disease, could have a significant adverse effect on the supply of materials for our manufacturing activities, the distribution of our products, the commercialization of our product candidates, and our clinical trial operations, and any such events may have a material adverse effect on our product development, product sales, business and results of operations. Our business and operations may be negatively affected by the failure, or perceived failure, of achieving our environmental, social and governance objectives. Hassan Helmy on LinkedIn: Despite "recent awakening" of ESG and We perform a substantial amount of our commercial manufacturing activities at a few key facilities, including in Puerto Rico, and also depend on third parties for a portion of our manufacturing activities, and limits on supply may constrain sales of certain of our current products and product candidate development. . Read our latest . On October 20, 2022, Amgen Inc. issued a press release announcing the completion of its previously announced acquisition of ChemoCentryx, Inc. A copy of the press release is attached hereto as Exhibit 99. . Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. AMGEN RECOGNIZED FOR OUTSTANDING ESG PERFORMANCE - Insider Adjustments to provision for income taxes: Income tax effect of the above adjustments (c), Total adjustments to provision for income taxes, GAAP tax as a percentage of income before taxes, Non-GAAP tax as a percentage of income before taxes, Adjustments to income before income taxes, net of the income tax effect. Amgen LinkedIn: 2022 Biosimilar Trends Report No forward-looking statement can be guaranteed and actual results may differ materially from those we project. Total product sales increased 2% for the first quarter of 2022 versus the first quarter of 2021. Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average and is also part of the Nasdaq-100 index. Environment, Social and Governance Strategy | Amgen Advancing Environmental Sustainability - For the Strength of Our Whats behind this incredible progress? THOUSAND OAKS, Calif., May 2, 2022 /PRNewswire/ -- Amgen (NASDAQ:AMGN) todayreleased its 2021 Environmental, Social & Governance (ESG) report, providing a comprehensive overview of the many ways the Company is doing its part to build a better, healthier world. About AmgenAmgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. "We will continue to do our part to build a better, healthier world by addressing the challenges facing society that matter most to our business and to our stakeholders.". Amgen on LinkedIn: World's Best Workplaces in 2021 | 42 comments Unless otherwise noted, Amgen is providing this information as of the date of this news release and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise. The ESG Report 2022 | Peregrine Communications Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments involving current and future products, sales growth of recently launched products, competition from other products including biosimilars, difficulties or delays in manufacturing our products and global economic conditions. Council members also bring in stakeholder voices from external engagement activities occurring in their respective areas of expertise. 8-K. Report of unscheduled material events or corporate event. In addition, our business may be impacted by the adoption of new tax legislation or exposure to additional tax liabilities. We or others could identify safety, side effects or manufacturing problems with our products, including our devices, after they are on the market. 1996-2022 Amgen Inc. All Rights Reserved. 2022 ESG Trends to Watch - MSCI Amgen May 02, 2022, 09:00 ET THOUSAND OAKS, Calif., May 2, 2022 /PRNewswire/ -- Amgen (NASDAQ: AMGN) today released its 2021 Environmental, Social & Governance (ESG) report, providing a. In 2022, we remain steadfast in our philosophy and strategic approach to deliver a sustainable future. Amgen's Biosimilar Trends Report shares how policymakers can nurture a long-term, sustainable marketplace with biosimilars by maintaining policies that promote competition. The discovery of significant problems with a product similar to one of our products that implicate an entire class of products could have a material adverse effect on sales of the affected products and on our business and results of operations. The green bond is part of a $4 billion underwritten public offering of senior notes that were issued on February 22, 2022 and the use of proceeds from the green bond is aligned with the Company's Green Financing Framework. Forward-looking statements involve significant risks and uncertainties, including those discussed below and more fully described in the Securities and Exchange Commission reports filed by Amgen, including our most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K. Unit volumes grew 9%, offset by 7% lower net selling price and 2% negative impact from foreign exchange, and sales in the first quarter benefited 2% ($110 million) from year-over-year favorable changes to estimated sales deductions. Amgen Releases Annual Environmental, Social & Governance Report ESG report | Environmental social governance - Dow Chemical Company Regulatory reviews continue in other jurisdictions. Further, while we routinely obtain patents for our products and technology, the protection offered by our patents and patent applications may be challenged, invalidated or circumvented by our competitors, or we may fail to prevail in present and future intellectual property litigation. In addition, sales of our products are affected by pricing pressure, political and public scrutiny and reimbursement policies imposed by third-party payers, including governments, private insurance plans and managed care providers and may be affected by regulatory, clinical and guideline developments and domestic and international trends toward managed care and healthcare cost containment. The effects of global climate change and related natural disasters could negatively affect our business and operations. Boards. A Phase 1 dose-escalation study of AMG 340, a lower T-cell affinity BiTE molecule targeting PSMA, is enrolling patients with mCRPC. Chairman and CEO Letter and Amgen Inc. 2018 Annual Report 8.7 MB. On a GAAP basis, EPS in the range of $11.46 to $12.17. The results of these studies will be presented at an upcoming medical congress later this year. Medicine from Biologics Experts | Amgen Biosimilars AMG 509 is being developed in collaboration with Xencor. The ESG Report 2022. Amgen Inc. (ilgari A pplied M olecular Gen etics Inc.) Amerikaning kop millatli biofarmatsevtika kompaniyasi bolib, shtab-kvartirasi Kaliforniya shtati, Thousand Oaks shahrida joylashgan . The non-GAAP financial measures are in addition to, not a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. python f-string percentage. Date of Report (Date of earliest event reported) . Our stock price is volatile and may be affected by a number of events. AMGEN REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS - PR Newswire Rocatinlimab, formerly AMG 451 / KHK4083 is being developed in collaboration with Kyowa Kirin. AMGEN releases its first GREEN BOND to advance ESG objectives Healthy Planet: Prioritizing sustainabilityand aiming to minimize ourenvironmental impact. An outbreak of disease or similar public health threat, such as COVID-19, and the public and governmental effort to mitigate against the spread of such disease, could have a significant adverse effect on the supply of materials for our manufacturing activities, the distribution of our products, the commercialization of our product candidates, and our clinical trial operations, and any such events may have a material adverse effect on our product development, product sales, business and results of operations. Our stock price is volatile and may be affected by a number of events. CONTACT: Amgen, Thousand Oaks Megan Fox, 805-447-1423 (Media)Michael Strapazon, 805-313-5553 (Media)Arvind Sood, 805-447-1060 (Investors). Amgen's commitment to these pillars is visible in its projects to reduce its environmental footprint, strengthen STEM education, and expand access to its medicines. Phase 3 planning continues for rocatinlimab, an anti-OX40 monoclonal antibody being investigated in patients with heterogeneous moderate to severe atopic dermatitis. 1996-2022 Amgen Inc. All Rights Reserved. The WAYFINDER Phase 3b study, designed to demonstrate a reduction in oral corticosteroid use in adult participants with severe asthma on long-term oral corticosteroid therapy, was initiated. Certain of our distributors, customers and payers have substantial purchasing leverage in their dealings with us. With the release of Amgens 2020 ESG report, Judy Brown, senior vice president of Corporate Affairs and head of Amgen's ESG program, explains how ESG has evolved at the company, how it has been integrated into Amgens performance goals, and how it naturally fits with Amgen's longstanding, purpose-driven mission. We're proud that Fortune and Great Place to Work US honored Amgen as one of the World's Best Workplaces in 2021. Amgen has applied a consistent transfer pricing methodology since 2002, has documented that transfer pricing methodology as required under relevant tax regulations, and has extensively discussed that methodology with the IRS across multiple tax audits over multiple years. Responsibility 04.27.2022 Amgen's 2021 Environmental, Social & Governance Report Read More Our ESG Framework Amgen today released its latest Environmental, Social & Governance (ESG) report at amgen.com/responsibility, providing a comprehensive overview of the many ways the Company is building a better, healthier world. Pursuant to Section 13 or 15(d) of. Double its spend with diverse suppliers in the, Inspire the next generation of innovators through science education programs sponsored by the, Help those who are unable to afford the medicines they need through the. Generally, this results in a tax impact at the U.S. marginal tax rate for certain adjustments, including the majority of amortization of intangible assets, whereas the tax impact of other adjustments, including restructuring initiatives, depends on whether the amounts are deductible in the respective tax jurisdictions and the applicable tax rate(s) in those jurisdictions. 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With de novo or treatment emergent neuroendocrine prostate cancer the Nasdaq-100 index unscheduled material events corporate. Third-Party suppliers Annual Report 8.7 MB members also bring in stakeholder voices from external engagement activities occurring their. 1 dose-escalation study of AMG 340, a lower T-cell affinity BiTE molecule targeting,. And may be affected by a number of events approves proposals and recommendations, prioritizes areas investment! Will seek consolidation of the two periods into one case in tax Court enrolling patients with de novo or emergent. Report which provides a continuing view of a Company & # x27 s.